NYSE : QXO
QXO, Inc. — Financial statements
Industrials · Industrial Distribution · United States
Last price 11.04 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 11.45B
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
QXO, Inc. (QXO) reported revenue of 9.90B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 9.90B | 6.84B | 56.90M | 54.52M | 44.99M | 41.70M |
| Cost of Revenue | 7.47B | 5.14B | 33.80M | 32.90M | 27.02M | 24.49M |
| Gross Profit | 2.43B | 1.70B | 23.10M | 21.61M | 17.96M | 17.21M |
| Selling, General & Admin | 1.84B | 1.17B | 77.40M | 22.10M | 17.40M | 16.56M |
| Amortization of Goodwill & Intangibles | 491.70M | 314.70M | 900.00K | |||
| Operating Expenses | 2.52B | 1.59B | 78.50M | 22.93M | 18.35M | 17.44M |
| Operating Income | -86.20M | 115.80M | -55.40M | -1.31M | -385.38K | -230.99K |
| Interest Expense | -241.50M | -173.50M | -100.00K | -76.00K | -89.02K | -46.80K |
| Interest & Investment Income | 98.80M | 125.80M | 121.90M | 20.00K | ||
| Other Non Operating Income (Expenses) | 9.50M | 5.50M | ||||
| EBT Excluding Unusual Items | -219.40M | 73.60M | 66.40M | -1.37M | -474.40K | -277.79K |
| Merger & Restructuring Charges | -252.00M | -361.00M | -15.60M | |||
| Gain (Loss) on Sale of Assets | 250.00K | |||||
| Other Unusual Items | -3.70M | -49.70M | 71.36K | |||
| Pretax Income | -475.10M | -337.10M | 50.80M | -1.37M | -474.40K | 43.57K |
| Income Tax Expense | 36.30M | -57.70M | 22.80M | -297.00K | -192.18K | 178.00K |
| Earnings From Continuing Operations | -511.40M | -279.40M | 28.00M | -1.07M | -282.22K | -134.43K |
| Net Income | -511.40M | -279.40M | 28.00M | -1.07M | -282.22K | -134.43K |
| Preferred Dividends & Other Adjustments | 144.90M | 108.90M | 51.00M | |||
| Net Income to Common | -656.30M | -388.30M | -23.00M | -1.07M | -282.22K | -134.43K |
| Shares Outstanding (Basic) | 736.75M | 613.00M | 204.00M | 657.00K | 645.88K | 628.30K |
| Shares Outstanding (Diluted) | 736.75M | 613.00M | 204.00M | 657.00K | 645.88K | 628.30K |
| EPS (Basic) | -0.89 | -0.63 | -0.11 | -1.63 | -0.44 | -0.21 |
| EPS (Diluted) | -0.89 | -0.63 | -0.11 | -1.63 | -0.44 | -0.24 |
| Free Cash Flow | 141.20M | 183.20M | 84.70M | 463.00K | 2.00M | 111.27K |
| Free Cash Flow Per Share | 0.19 | 0.30 | 0.41 | 0.70 | 3.10 | 0.18 |
| Gross Margin | 24.54% | 24.91% | 40.60% | 39.65% | 39.93% | 41.27% |
| Operating Margin | -0.87% | 1.69% | -97.36% | -2.40% | -0.86% | -0.55% |
| Profit Margin | -6.63% | -5.67% | -40.42% | -1.96% | -0.63% | -0.32% |
| Free Cash Flow Margin | 1.43% | 2.68% | 148.86% | 0.85% | 4.45% | 0.27% |
| EBITDA | 591.90M | 538.90M | -54.30M | -310.00K | 734.02K | 646.32K |
| EBITDA Margin | 5.98% | 7.88% | -95.43% | -0.57% | 1.63% | 1.55% |
| D&A For EBITDA | 678.10M | 423.10M | 1.10M | 1.00M | 1.12M | 877.30K |
| EBIT | -86.20M | 115.80M | -55.40M | -1.31M | -385.38K | -230.99K |
| EBIT Margin | -0.87% | 1.69% | -97.36% | -2.40% | -0.86% | -0.55% |
| Effective Tax Rate | 44.88% | 408.54% | ||||
| Revenue as Reported | 54.52M | 44.99M | 41.70M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 2.77B | 2.36B | 5.07B | 6.14M | 8.01M | 6.81M |
| Cash & Short-Term Investments | 2.77B | 2.36B | 5.07B | 6.14M | 8.01M | 6.81M |
| Accounts Receivable | 1.78B | 1.15B | 2.70M | 2.97M | 2.60M | 2.21M |
| Other Receivables | 576.00M | 458.60M | ||||
| Receivables | 2.36B | 1.60B | 2.70M | 2.97M | 2.60M | 2.21M |
| Inventory | 2.07B | 1.50B | ||||
| Prepaid Expenses | 144.00M | 79.90M | 14.90M | 2.68M | 1.57M | 1.69M |
| Restricted Cash | 3.00B | 3.80M | 3.50M | |||
| Other Current Assets | 1.52M | |||||
| Total Current Assets | 10.35B | 5.55B | 5.09B | 11.80M | 13.70M | 10.71M |
| Property, Plant & Equipment | 1.65B | 1.38B | 700.00K | 1.02M | 1.04M | 1.60M |
| Goodwill | 6.21B | 5.11B | 1.20M | 1.14M | 1.14M | 1.01M |
| Other Intangible Assets | 4.40B | 3.82B | 4.00M | 4.92M | 4.27M | 3.49M |
| Long-Term Deferred Tax Assets | 2.60M | 1.44M | 1.11M | 990.96K | ||
| Long-Term Deferred Charges | 14.00M | 16.30M | ||||
| Other Long-Term Assets | 41.00M | 16.10M | 200.00K | 171.00K | 187.55K | 190.81K |
| Total Assets | 22.66B | 15.89B | 5.10B | 20.50M | 21.44M | 18.00M |
| Accounts Payable | 1.50B | 819.00M | 6.20M | 4.56M | 3.27M | 2.04M |
| Accrued Expenses | 753.00M | 574.30M | 14.60M | 2.68M | 2.46M | 1.77M |
| Current Portion of Long-Term Debt | 702.00K | 783.48K | 402.00K | |||
| Current Portion of Leases | 189.00M | 156.70M | 300.00K | 417.00K | 483.33K | 632.38K |
| Current Income Taxes Payable | 24.00M | 69.61K | ||||
| Current Unearned Revenue | 38.00M | 3.16M | 3.76M | 2.48M | ||
| Other Current Liabilities | 30.00M | |||||
| Total Current Liabilities | 2.52B | 1.55B | 45.10M | 11.52M | 10.75M | 7.39M |
| Long-Term Debt | 6.04B | 3.06B | 994.00K | 671.01K | 566.93K | |
| Long-Term Leases | 808.00M | 700.50M | 300.00K | 506.00K | 461.67K | 685.46K |
| Long-Term Deferred Tax Liabilities | 929.00M | 847.20M | ||||
| Other Long-Term Liabilities | 34.00M | 25.50M | ||||
| Total Liabilities | 10.33B | 6.18B | 45.40M | 13.02M | 11.89M | 8.64M |
| Common Stock | 53.00 | 52.00 | ||||
| Additional Paid-In Capital | 10.08B | 9.05B | 4.56B | 9.42M | 10.43M | 9.95M |
| Retained Earnings | -761.00M | -394.50M | -6.20M | -1.95M | -876.59K | -594.37K |
| Comprehensive Income & Other | 3.00M | -2.30M | ||||
| Total Common Equity | 9.32B | 8.65B | 4.55B | 7.47M | 9.55M | 9.36M |
| Shareholders' Equity | 12.34B | 9.71B | 5.05B | 7.47M | 9.55M | 9.36M |
| Total Liabilities & Equity | 22.66B | 15.89B | 5.10B | 20.50M | 21.44M | 18.00M |
| Total Debt | 7.04B | 3.91B | 600.00K | 2.62M | 2.40M | 2.29M |
| Net Cash (Debt) | -4.26B | -1.55B | 5.07B | 3.52M | 5.61M | 4.53M |
| Net Cash Per Share | -5.79 | -2.53 | 24.84 | 5.36 | 8.68 | 7.21 |
| Filing Date Shares Outstanding | 1.04B | 708.55M | 409.43M | 664.45K | 657.02K | 642.02K |
| Total Common Shares Outstanding | 725.40M | 674.55M | 409.43M | 664.45K | 657.02K | 642.02K |
| Working Capital | 7.83B | 4.00B | 5.04B | 272.00K | 2.95M | 3.32M |
| Book Value Per Share | 12.85 | 12.82 | 11.12 | 11.24 | 14.54 | 14.57 |
| Tangible Book Value | -1.29B | -280.30M | 4.55B | 1.41M | 4.15M | 4.85M |
| Tangible Book Value Per Share | -1.78 | -0.42 | 11.11 | 2.13 | 6.31 | 7.56 |
| Land | 58.00M | 59.60M | ||||
| Machinery | 498.00M | 289.20M | 4.20M | 3.94M | 2.57M | 2.53M |
| Construction In Progress | 49.00M | 55.10M | ||||
| Leasehold Improvements | 159.00M | 124.50M | 100.00K | 166.00K | 165.70K | 165.70K |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -511.40M | -279.40M | 28.00M | -1.07M | -282.22K | -134.43K |
| Depreciation & Amortization | 678.10M | 423.10M | 1.10M | 1.00M | 1.76M | 1.39M |
| Other Amortization | 9.70M | 6.70M | ||||
| Loss (Gain) From Sale of Assets | -250.00K | |||||
| Stock-Based Compensation | 127.50M | 144.50M | 34.40M | 41.00K | 180.26K | 441.31K |
| Provision & Write-off of Bad Debts | 30.80M | 13.80M | 115.00K | 160.00K | -44.69K | |
| Other Operating Activities | -21.90M | 77.10M | -800.00K | -212.00K | -115.11K | -23.23K |
| Change in Accounts Receivable | -55.20M | 159.80M | 200.00K | 103.00K | -549.05K | -534.07K |
| Change in Inventory | -63.20M | 287.80M | ||||
| Change in Accounts Payable | 73.60M | -326.40M | 34.40M | 1.29M | 1.23M | 162.91K |
| Change in Unearned Revenue | -618.00K | 1.21M | 336.40K | |||
| Change in Income Taxes | 187.00M | -11.00M | -69.61K | -248.42K | ||
| Change in Other Net Operating Assets | -201.60M | -234.60M | -12.50M | -67.00K | -1.48M | -874.43K |
| Operating Cash Flow | 253.40M | 261.40M | 84.80M | 584.00K | 2.04M | 226.03K |
| Capital Expenditures | -112.20M | -78.20M | -100.00K | -121.00K | -38.74K | -114.76K |
| Cash Acquisitions | -1.96B | -10.56B | -279.00K | -645.70K | ||
| Divestitures | 250.00K | |||||
| Sale (Purchase) of Intangibles | -150.00K | |||||
| Other Investing Activities | 7.40M | 4.40M | ||||
| Investing Cash Flow | -2.07B | -10.63B | -100.00K | -400.00K | -188.74K | -510.46K |
| Long-Term Debt Issued | 5.34B | |||||
| Total Debt Issued | 3.44B | 5.34B | ||||
| Long-Term Debt Repaid | -2.27B | -1.90M | -999.00K | -655.13K | -596.07K | |
| Total Debt Repaid | -675.30M | -2.27B | -1.90M | -999.00K | -655.13K | -596.07K |
| Net Debt Issued (Repaid) | 2.76B | 3.07B | -1.90M | -999.00K | -655.13K | -596.07K |
| Issuance of Common Stock | 792.90M | 4.27B | 4.05B | 4.18M | ||
| Repurchase of Common Stock | -48.50M | -20.50M | ||||
| Preferred Dividends Paid | -143.80M | -104.80M | -32.30M | |||
| Dividends Paid | -143.80M | -104.80M | -32.30M | |||
| Other Financing Activities | -47.50M | -114.50M | ||||
| Financing Cash Flow | 5.31B | 7.66B | 4.98B | -2.05M | -655.13K | 503.13K |
| Foreign Exchange Rate Adjustments | -500.00K | -500.00K | ||||
| Net Cash Flow | 3.49B | -2.71B | 5.07B | -1.87M | 1.19M | 218.70K |
| Free Cash Flow | 141.20M | 183.20M | 84.70M | 463.00K | 2.00M | 111.27K |
| Free Cash Flow Margin | 1.43% | 2.68% | 148.86% | 0.85% | 4.45% | 0.27% |
| Free Cash Flow Per Share | 0.19 | 0.30 | 0.41 | 0.70 | 3.10 | 0.18 |
| Levered Free Cash Flow | -2.55B | -1.36B | 19.66M | 1.01M | 2.79M | 454.73K |
| Unlevered Free Cash Flow | -2.40B | -1.25B | 19.72M | 1.06M | 2.84M | 483.98K |
| Cash Interest Paid | 221.00M | 138.00M | 100.00K | 57.00K | 40.19K | 45.12K |
| Cash Income Tax Paid | 8.20M | 38.20M | 301.00K | 94.14K | 381.00K | |
| Change in Working Capital | -59.40M | -124.40M | 22.10M | 709.00K | 339.63K | -1.16M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 12.15B | 13.01B | 6.51B | 89.93M | 15.20M | 22.96M |
| Enterprise Value | 16.41B | 15.71B | 1.97B | 84.68M | 10.60M | 18.21M |
| Last Close Price | 11.04 | 19.29 | 15.90 | 114.03 | 18.74 | 28.30 |
| Forward PE | 29.00 | 50.99 | 117.78 | 9.83 | 9.83 | 9.83 |
| PS Ratio | 1.16 | 1.90 | 114.41 | 1.65 | 0.34 | 0.55 |
| PB Ratio | 0.86 | 1.34 | 1.29 | 12.04 | 1.59 | 2.45 |
| P/TBV Ratio | 1.43 | 63.69 | 3.67 | 4.73 | ||
| P/FCF Ratio | 81.12 | 71.01 | 76.86 | 194.24 | 7.60 | 206.33 |
| P/OCF Ratio | 45.20 | 49.77 | 76.77 | 154.00 | 7.46 | 101.57 |
| PEG Ratio | 0.65 | 2.55 | 5.89 | |||
| EV/Sales Ratio | 1.59 | 2.30 | 34.66 | 1.55 | 0.24 | 0.44 |
| EV/EBITDA Ratio | 26.55 | 29.16 | 14.44 | 28.17 | ||
| EV/EBIT Ratio | 135.69 | |||||
| EV/FCF Ratio | 111.31 | 85.77 | 23.28 | 182.89 | 5.30 | 163.64 |
| Debt / Equity Ratio | 0.57 | 0.40 | 0.00 | 0.35 | 0.25 | 0.24 |
| Debt / EBITDA Ratio | 8.78 | 5.83 | 25.18 | 1.97 | 1.81 | |
| Debt / FCF Ratio | 49.84 | 21.37 | 0.01 | 5.66 | 1.20 | 20.55 |
| Net Debt / Equity Ratio | 0.34 | 0.16 | -1.00 | -0.47 | -0.59 | -0.48 |
| Net Debt / EBITDA Ratio | 7.20 | 2.88 | 93.33 | 11.37 | -7.64 | -7.00 |
| Net Debt / FCF Ratio | 30.19 | 8.48 | -59.83 | -7.61 | -2.81 | -40.69 |
| Asset Turnover | 0.50 | 0.65 | 0.02 | 2.60 | 2.28 | 2.46 |
| Quick Ratio | 2.04 | 2.56 | 112.44 | 0.79 | 0.99 | 1.22 |
| Current Ratio | 4.12 | 3.58 | 112.85 | 1.02 | 1.27 | 1.45 |
| Return on Equity (ROE) | -4.60% | -3.79% | 1.11% | -12.57% | -2.99% | -1.62% |
| Return on Assets (ROA) | -0.27% | 0.69% | -1.35% | -3.91% | -1.22% | -0.85% |
| Return on Invested Capital (ROIC) | -0.62% | 1.03% | -33.23% | -8.79% | 16.67% | |
| Return on Capital Employed (ROCE) | -0.40% | 0.80% | -1.10% | -14.60% | -3.60% | -2.20% |
| Earnings Yield | -7.61% | -2.15% | 0.43% | -1.19% | -1.86% | -0.59% |
| FCF Yield | 1.23% | 1.41% | 1.30% | 0.52% | 13.15% | 0.48% |
| Payout Ratio | 115.36% | |||||
| Buyback Yield / Dilution | -60.91% | -200.49% | -30,950.23% | -1.72% | -2.80% | -11.67% |